GLOBAL - Goldman Sachs has added four key portfolio managers to its hedge fund strategies group, two of whom will be based in London.
Arne Hassel has moved within Goldman Sachs to head the group’s investment and business efforts outside of the US. He is responsible for covering multi-strategy managers and the tactical view concerning sector weights. Nadja Pinnavaia, who joined Goldman Sachs in January 1995, joins Hassel as a strategy specialist focused on the relative value and event driven sectors within Europe.
Most recently Hassel headed up global currency management within Goldman Sachs Asset Management, London. He remains a member of the asset allocation committee. Prior to Goldman Sachs, Hassel was responsible for European fixed income and currency management at SEB Fonder, now Enskilda Asset Management.
Additionally, in the US, former director of research and a managing director at Arden Asset Management, Peter Ort assumes responsibility for the event driven and relative value sectors. Peter Ort heads up merger arbitrage, special situations and distressed debt strategies, reporting to Jones. He joins the firm from software company Smartleaf in Cambridge, Massachusetts.
The hedge fund strategies group constructs hedge fund portfolios for both institutional and private clients.
By Madhu Kalia
The master trust is investing directly in commodities for the first time and setting up its first segregated mandate. Stephanie Baxter looks at this step change
Unprecedented levels of provider consolidation means trustees must regularly monitor and assess security of members' assets, the Security of DC Assets Working Party has warned warns.
John Govett has been appointed chief executive of the single financial guidance body (SFGB), the Department for Work and Pensions (DWP) announced today.
The Competition and Markets Authority (CMA) will publish its provisional decision as to whether there are adverse effects on competition in the investment consultants market on the morning of 18 July.